Mahkota Parade | Print this page |
Mahkota Parade was the first 'regional' shopping centre located in the commercial and tourist
centre situated in the heart of Melaka town.
Mahkota Parade is positioned as the leading shopping centre in the Melaka region. The centre also serves as a key destination for major community events and exhibitions. Mahkota Parade was awarded by the International Council of Shopping Centers (ICSC) with a Silver Award for Marketing Excellence at the 2009 ICSC Asia Awards.
Mahkota Parade was re-launched on May 1, 2010, following a complete refurbishment. The revitalised shopping centre improved the overall shopping experience for customers. The refurbishment is part of Hektar's continuing efforts to invest in the Melaka market and maintain Mahkota Parade as the leading shopping centre in the state.
| Location |
No. 1 Jalan Merdeka 75000 Bandar Melaka Melaka MALAYSIA |
| Title | Leasehold (Until 2101) |
| Primary Trade Area | 350,000 within 15-mins drive time |
| Gross Floor Area | 1,008,669 sq ft |
| Net Lettable Area | 461,067 sq ft |
| Car Park | 1,076 |
| Valuation | RM283.0 million |
| Tenants* | 105 |
| Key Tenants | Parkson, Ampang Superbowl, Giant |
| Occupancy | 96.1% |
| Visitor Traffic | 7.2 million |
| Year Opened | 1994 |
| Year Acquired by REIT | 2006 |
| Year Refurbished | Due to Complete in April 2010 |
Data as of 31 December 2010. * Only NLA Lots
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Mahkota Parade's Top Ten Tenants
| Tenant | Trade Sector | NLA (sq ft) | % of Total NLA |
% of Monthly Rental Income* |
|
|---|---|---|---|---|---|
| 1 | Parkson | Department Store | 113,389 | 24.6% | 11.3% |
| 2 | Ampang Superbowl | Leisure & Entertainment | 36,717 | 8.0% | 3.7% |
| 3 | KFC | Food & Beverage | 5,403 | 1.2% | 2.7% |
| 4 | McDonald's | Food & Beverage | 5,942 | 1.3% | 2.2% |
| 5 | The Reject Shop | Fashion & Footwear | 8,503 | 1.8% | 2.1% |
| 6 | Subzero Jeans | Fashion & Footwear | 2,266 | 0.5% | 1.5% |
| 7 | Sibaraku | Food & Beverage | 9,526 | 2.1% | 1.5% |
| 8 | Subzero Jeans | Fashion & Footwear | 5,027 | 1.1% | 1.4% |
| 9 | Giant | Department Store | 24,143 | 5.2% | 1.3% |
| 10 | Toy City | Gift/Specialty | 6,910 | 1.5% | 1.3% |
| Top 10 Tenants (By Monthly Rental Income) |
217,826 | 47.3% | 29.0% | ||
| Other Tenants | 243,241 | 52.7% | 71.0% | ||
| Total | 461,067 | 100.0% | 100.0% | ||
* Based on monthly rental income for December 2010.
Mahkota Parade's Expiry Profile
| For Year Ending 31 December |
No. of Tenancies Expiring |
NLA of Tenancies Expiring (sq ft) |
NLA of Tenancies Expiring as % of Total NLA |
% of Total Monthly Rental Income* |
|---|---|---|---|---|
| FY 2011 | 35 | 257,257 | 56% | 45% |
| FY 2012 | 28 | 54,069 | 12% | 15% |
| FY 2013 | 34 | 54,537 | 12% | 24% |
| FY 2014 | 3 | 10,789 | 2% | 2% |
* Based on monthly rental income for December 2010.